Shares of Alpine Global Dynamic Dividend Fund (Public, NYSE:AGD) are having a hard time breaking resistance at the $10 level. In fact, multiple tops have been hit in the last couple of months.

The Alpine Global Dynamic Dividend Fund’s primary investment objective is high current dividend income, of which more than 50% qualifies for reduced Federal income tax rates.

The Fund also focuses on long-term growth of capital as its secondary investment objective.

The cool thing about AGD is that they pay their dividends on a monthly basis as opposed to quarterly. The fund has consistantly paid out $0.11 a month for the last 11 months. Prior to that, the fund paid $0.17 a month. If the Fund raises it's dividend rate again in the near future, you can expect shares to increase along with it.

Here are the ETFs top 10 holdings as of Q4 2009:

ITC Holdings Corp. 2.25%
Mitsubishi Corp. 2.21%
Avon Products, Inc. 2.12%
Hypermarcas SA 2.06%
Alcon, Inc. 2.04%
JP Morgan Chase & Co. 2.04%
Seadrill, Ltd. 2.03%
Schlumberger, Ltd. 2.02%
Halliburton Co. 1.94%
Shenguan Holdings Group, Ltd. 1.94%